Market Size of Squalene Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2022 |
| CAGR | 5.96 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Squalene Market Analysis
The Squalene Market size is expected to grow from USD 152.29 Million in 2022 to USD 210.72 by 2028, at a CAGR of 5.96% during the forecast period.
COVID-19 negatively impacted the market in 2020. Considering the pandemic scenario, manufacturing activities were temporarily stopped during the government-imposed lockdown to curb the spread of new COVID-19 cases, thereby reducing the demand for squalene-based products. However, the need for squalene to produce adjuvants for various COVID-19 vaccines significantly increased, enhancing the demand for the market studied.
- In the medium term, the major factors driving the market studied are growing cosmetics industry and growing demand from the nutraceutical industry.
- On the flip side, shark killing concerns and limitations is likely to restrain the market growth.
- The research and development on squalene for oncology uses is likely to act as an opportunity for squalene market in the coming years.
- Europe accounted for the highest market share, and the region is likely to dominate the market during the forecast period.
